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2010-12-13

Swan's 'reforming' the banking sector

Comments on Michael Stutchbury “Package gives policy a bad name”, 13/12/2010, http://www.theaustralian.com.au/business/opinion/package-gives-policy-a-bad-name/story-e6frg9p6-1225969800721
Is this another grocery watch idea, RSPT idea or pink batts idea?

It is likely to increase the costs to consumers and mortgage holders in the longer run, because of the propping up of smaller non-banking organisations using taxpayers' money.

With Mr Swan at the helm of the nation's economic policies and reforms, how much can you expect, if the RSPT dramas and fiascos were of any guide?

Among the most recent Commonwealth Treasurers, where would people rant him in terms of competency, style and achieving good outcomes for the nation?

But I am not sure how to comment on Swan's legacy. To fair to him, he has been on the position for just three years by now.

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